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ARTICLE · 13 APRIL 2018

Dealing With Pension Scheme Debt

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The government has published new regulations designed to offer an alternative way of dealing with debts triggered by employers under a defined benefit pension scheme.

United KingdomEmployment and HR
Alison Paines
Alison Paines
Chris Priestley
Chris Priestley
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The government has published new regulations designed to offer an alternative way of dealing with debts triggered by employers under a defined benefit pension scheme. The new regulations came into force on 6 April 2018. Pension scheme arrangements can be tricky for charities – particularly in the case of charity mergers. The new regulations may bring potential benefits to charitable and not-for-profit organisations.

Pension scheme debt – the background

Defined benefit pension scheme participation is not uncommon in the charity sector; a lot of organisations having previously offered defined benefit pensions as a means of enhancing a reward package that may not otherwise have been as attractive to employees as working in the private sector.

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